Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Levy of penalty u/s 129(3) subsequent to the search and seizure action - In light of the judicial interpretations, the High Court found the penalty proceedings initiated against the petitioner unjustified. The impugned orders, were deemed unsustainable and were consequently quashed and set aside.
Levy of penalty u/s 129(3) subsequent to the search and seizure action - In light of the judicial interpretations, the High Court found the penalty proceedings initiated against the petitioner unjustified. The impugned orders, were deemed unsustainable and were consequently quashed and set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
